Milton County Bank (Alpharetta, GA)

Episode Information

Episode UID
3425976991520
Episode Type
Suspension → Closure
Bank Type
state
Bank ID
342597699 hash
Start Date
August 5, 1926
Location
Alpharetta, Georgia (34.075, -84.294)

Metadata

Model
gpt-5-mini (chosen from majority vote of a three-model LLM ensemble)
Short Digest
fa1b74e5846f79ea

Response Measures

None

Description

Closure announced by state banking department tied to failure of Bankers' Trust chain.

Events (1)
1. August 5, 1926 Suspension
Cause
Government Action
Cause Details
Closed by action/announcement of the state banking department in connection with collapse of the Bankers' Trust chain.
Newspaper Excerpt
The Milton county bank of Alpharetta, Ga., ... closed yesterday, it was announced today, by the state banking department.
Source
newspapers

Newspaper Articles (2)
1. August 6, 1926 New Britain Herald New Britain, CT
Article from New Britain Herald, August 6, 1926

Click image to open full size in new tab

Article Text

Another Georgia Bank Has to Close Its Doors Atlanta, Ga., Aug. 6 (AP)The Milton county bank of Alpharetta. Ga., a member of the chain of banks for which the Bankers Trust company of Atlanta was acting fiscal agent, closed yesterday, it is announced by the state banking department. The capital stock of the Milton county bank was given as $16,000. Simultaneouswith the announcement of closing of this bank came the announcement that plans are being completed for the reopening of about twenty other banks belonging to this chain which closed when the Bankers' Trust company went into the hands of receivers recently.

2. August 6, 1926 Douglas Daily Dispatch Douglas, AZ
Article from Douglas Daily Dispatch, August 6, 1926

Click image to open full size in new tab

Article Text

ONE CHAIN BANK CLOSES; TWENTY MORE TO OPEN ATLANT, Ga., Aug. 5.-The Milton County bank of Alpharetta, Ga., a member of the chain of small banks for which the Bankers' Trust company of Atlanta was acting as fiscal agent, closed yesterday, it was announced today, by the state banking department. The capital stock of the Milton county bank was given as $16,000. Simultaneously with the announcement of closing of this bank came the announcement that plans are being completed for the re-opening of about 20 other banks belonging to this chain which closed when the Bankers' Trust company went into the hands of receivers recently.